CBN Sensitises Lagos Traders On E-Naira Wallet

Central Bank of Nigeria, CBN, in collaboration with some stakeholders including market leaders, has taking the e-Naira sensitization to Lagos traders.

It is part of measures by the apex bank to ensure speedy inclusion of Nigerians, especially market men and women in the nation’s financial.

The CBN Lagos Branch Controller, Mr Godfrey Koyor, who made known in Kairo Market, Oshodi, Lagos, where the event was held, said they decided to bring the e-Naira wallet to the markets to ensure fast business transactions for traders.

Mr Koyor noted that the e-Naira is a giant project the CBN rolled out nationwide to help reach out to every Nigeria in terms of financial inclusion, efficiency, liability and safety.

He pointed out that the e- naira also known as giant money is 100% local and also 100% global.

Mr. Koyor further said that the platform which is made in Nigeria for Nigerians, is very fast for transactions, secured and cheap for diaspora remittance.

According to Mr Koyor, with e-naira, the issue of receiving fake currency from customers will be a thing of the past.

He explained that e-naira does not have minimum balance and through it one can easily access grants for traders.

Mr Koyor who further explained that the Apex bank is backing the e-naira 100%, noted that with it, no trader suffer any loss.

The CBN Controller, said Kario market oshodi was chosen as starting point of the sensitization because of of its unique nature and from there other markets in Lagos could be easily accessed.

A Consultant of CBN on e-naira, Dr Aminu Bizi, said when mandated by CBN to carry out the sensitization all over the country, he believed that starting from Lagos was the most appropriate because of many big markets located there.

Dr Bizii, stressed that he decided to go through the market leaders as it would be easier to get access to the traders.

The Secretary General of Oshodi Market, Mr Obinna Chidi Umeh, expressed optimism that e-naira was a welcome development for traders as the era of settling disputes on failed mobile transaction will soon be a thing of the past.

The high point of event was the presentation of awards to some market leaders at the event.

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